ARE BUYOUTS BACK?
The headline: Private Equity Comes Out of Credit Crunch Hiding With Biotech Purchase, Sprint Stake.
Buyout firm TPG Capital announced it will acquire Axcan Pharma (AXCA) for $23.35 per share, a 28% premium, Dylan Rataigan said.
The Street is concerned, added Pete Najarian. They might have overpaid for a company that is losing some patents and has very little in the pipeline.
SOLAR IS FUN
The headline: China's Solarfun Power (SOLF) Surges More Than 30% After Profit Doubles.
The United States hasn’t fully embraced solar yet. But it’s big in Spain and many other parts of Europe said Pete Najarian.
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Trader disclosure: On Nov. 29, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (ETFC); Najarian Owns (BSC) Options; (COP) Options; (EMC) Options; (GOOG) Options; (YHOO) Options; Finerman's Firm Owns (UFS), (JWN), (NMX), (NYX), (VCLK), (WMT), (YHOO), Fortis; Finerman's Firm Is Short (SPY), (IWM), (IYR), (IJR), (MBI); Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns (BIIB) Options; Finerman's Firm And Finerman Own (GS); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns (MSFT) Options; Seymour Owns (FRE), (MER), (MS), (YHOO); Seygem Asset Management Owns (AAPL), (INFY), (INTC), (MSFT), (TSL),; Seygem Asset Management Is Short (EEM), Charles Schwab Is A Sponsor Of Fast Money